PUBLISHER: Grand View Research | PRODUCT CODE: 1474952
PUBLISHER: Grand View Research | PRODUCT CODE: 1474952
The global enterprise performance management market size is anticipated to reach USD 10.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.5% from 2024 to 2030. The increasing adoption of digital transformation initiatives, the rising volume and complexity of business data, regulatory compliance, and the growing need for strategic planning and agility are expected to drive the EPM market's growth.
COVID-19 positively impacted the market, as the pandemic highlighted the importance of supply chain resilience and agility. Enterprise performance management solutions have evolved to help organizations better manage their supply chains by providing real-time insights into inventory levels, production capacity, and supplier performance.
The EPM market trends include the growing adoption of cloud-based solutions. Organizations are increasingly migrating their data infrastructure to the cloud to leverage scalability, flexibility, and cost-effectiveness. As a result, there is a rising demand for cloud-native EPM platforms that seamlessly integrate with cloud environments, provide centralized data management capabilities, and ensure data security and compliance across hybrid and multi-cloud deployments.
Additionally, a growing focus is on establishing enterprise performance management as a strategic business function. Organizations recognize EPM's value in driving business outcomes, enabling data-driven decision-making, and fostering innovation and collaboration.